Should I upgrade my Aviva Mindef Group Term Insurance to 1M coverage? or get a separate plan for 1M from Aviva? Is there any difference? Also, is Aviva Multiplay plan III a good plan to buy into for early critical illness?

It's the most affordable term insurance, but keep in mind that the costs start to rise significantly after you turn 65 and this is a group insurance.

I believe it's a wise choice, especially if you have dependents who will need BIG financial support after your passing.

Consider acquiring this insurance and perhaps another term plan, such as Singlife together.

Yes, upgrade with the group term to its 1mil limit first before looking elsewhere. The Mindef group term is actually one of the most value (best coverage per dollar) in the market. Becos u pay the same premium regardless of age, which is a steal especially the older u are.

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But if u want to add critical illness, the mindef group will not be most value as the premium payable is based on your attained age. That means the older u get, you will have to pay higher premium. I suggest you look at the direct insurance (buy direct from the company, no agent commission involved).

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